Financial management

Definitions

The most popular and acceptable definition of financial management as given by S.C.Kuchal is that “Financial Management deals with procurement of funds and their effective utilization in the business”.

Weston and Brigham : Financial Management “is an area of financial decision-making, harmonizing individual motives and enterprise goals”.

Joshep and Massie : Financial Management “is the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations”